Old West Investment Management LLC Has $13.47 Million Stake in Cameco Co. (NYSE:CCJ)

Old West Investment Management LLC grew its holdings in Cameco Co. (NYSE:CCJ - Free Report) TSE: CCO by 10.4% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 282,072 shares of the basic materials company's stock after buying an additional 26,584 shares during the quarter. Cameco accounts for approximately 4.8% of Old West Investment Management LLC's holdings, making the stock its 4th biggest holding. Old West Investment Management LLC owned 0.06% of Cameco worth $13,472,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in CCJ. Moody Lynn & Lieberson LLC bought a new position in Cameco during the 3rd quarter valued at about $1,680,000. Tidal Investments LLC raised its stake in shares of Cameco by 15.5% in the first quarter. Tidal Investments LLC now owns 20,036 shares of the basic materials company's stock valued at $868,000 after acquiring an additional 2,683 shares during the last quarter. Country Club Bank acquired a new position in shares of Cameco in the 3rd quarter worth approximately $2,093,000. Van ECK Associates Corp grew its holdings in shares of Cameco by 48.1% during the third quarter. Van ECK Associates Corp now owns 1,584,822 shares of the basic materials company's stock worth $75,691,000 after purchasing an additional 515,046 shares during the last quarter. Finally, LRI Investments LLC bought a new position in shares of Cameco in the first quarter valued at about $30,000. 70.21% of the stock is currently owned by institutional investors and hedge funds.

Cameco Stock Performance

Shares of CCJ stock traded down $0.05 during trading on Wednesday, reaching $51.21. 5,876,303 shares of the company's stock were exchanged, compared to its average volume of 4,407,518. The firm's fifty day moving average price is $47.56 and its 200-day moving average price is $48.09. Cameco Co. has a twelve month low of $35.43 and a twelve month high of $58.72. The stock has a market capitalization of $22.29 billion, a PE ratio of 120.37 and a beta of 0.89. The company has a quick ratio of 1.48, a current ratio of 3.22 and a debt-to-equity ratio of 0.23.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on CCJ shares. Scotiabank lowered their price objective on shares of Cameco from $81.00 to $80.00 and set an "outperform" rating for the company in a research report on Monday, August 19th. Cantor Fitzgerald raised shares of Cameco from a "neutral" rating to an "overweight" rating in a report on Wednesday, July 31st. Janney Montgomery Scott raised Cameco to a "strong-buy" rating in a research note on Friday, October 4th. Glj Research reiterated a "buy" rating and issued a $63.73 price objective on shares of Cameco in a report on Wednesday, August 14th. Finally, National Bank Financial upgraded Cameco to a "strong-buy" rating in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, five have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $66.56.

About Cameco

Cameco Corporation provides uranium for the generation of electricity. It operates through Uranium, Fuel Services, Westinghouse segments. The Uranium segment is involved in the exploration for, mining, and milling, purchase, and sale of uranium concentrate. The Fuel Services segment engages in the refining, conversion, and fabrication of uranium concentrate, as well as the purchase and sale of conversion services.